Career and Education Opportunities for Credit Analysts in Mississippi

Mississippi has a population of 2,951,996, which has grown by 3.77% over the past decade. Nicknamed the "Magnolia State," Mississippi's capital and largest city is Jackson.

About 200 people are currently employed as credit analysts in Mississippi. By 2016, this is expected to grow by 9% to about 220 people employed. This is not quite as good as the national trend for credit analysts, which sees this job pool growing by about 15.0% over the next eight years. In general, credit analysts analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money.

A person working as a credit analyst can expect to earn about $23 hourly or $48,030 per year on average in Mississippi and about $26 per hour or $55,250 yearly on average in the U.S. as a whole. Incomes for credit analysts are better than in the overall category of Accounting and Auditing in Mississippi, and not quite as good as the overall Accounting and Auditing category nationally. Jobs in this field include: credit negotiator, analyst, and underwriter.

In 2008, there were a total of 1,558,262 jobs in Mississippi. The average annual income was $30,383 in 2008, up from $29,542 the preceding year. The unemployment rate in Mississippi was 9.6% in 2009, which has grown by 2.8% since the previous year. Roughly 16.9% of Mississippi residents have college degrees, which is lower than the national average.

CITIES WITH Credit Analyst OPPORTUNITIES IN Mississippi

JOB DESCRIPTION: Credit Analyst

Credit Analyst video from the State of New Jersey Dept. of Labor and Workforce Development

In general, credit analysts analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. They also prepare reports with this credit information for use in decision-making.

Every day, credit analysts are expected to be able to think through problems and come up with general rules. They need to articulate ideas and problems. It is also important that they deal with basic arithmetic problems.

Similar jobs with educational opportunities in Mississippi include:

Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.

Cost Analyst. Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.

Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

LOCATION INFORMATION: Mississippi

Mississippi photo by Nathan Culpepper

Mississippi has a population of 2,951,996, which has grown by 3.77% over the past decade. Nicknamed the "Magnolia State," Mississippi's capital and biggest city is Jackson. In 2008, there were a total of 1,558,262 jobs in Mississippi. The average annual income was $30,383 in 2008, up from $29,542 the previous year. The unemployment rate in Mississippi was 9.6% in 2009, which has grown by 2.8% since the previous year. About 16.9% of Mississippi residents have college degrees, which is lower than the national average.

The top industries in Mississippi include furniture product manufacturing, household furniture cabinet manufacturing, and household furniture manufacturing. Notable tourist destinations include the Audubon Society Jackson Chapter, the Manship House Museum, and the Glory of Baroque Dresden Exhibition.